UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
To Section 13 or 15 (d) of the Securities Exchange Act of
1934
|
Date
of Report (Date of earliest event reported) |
November
11, 2005 |
LOWE'S
COMPANIES, INC.
(Exact
name of registrant as specified in its charter)
|
North
Carolina |
|
1-7898 |
|
56-0578072 |
|
(State
or other jurisdiction
of
incorporation) |
|
(Commission
File
Number) |
|
(IRS
Employer
Identification
No.) |
|
1000
Lowe's Blvd., Mooresville, NC |
28117 |
|
(Address
of principal executive offices) |
(Zip
Code) |
|
|
|
|
|
|
|
Registrant's
telephone number, including area code |
(704)
758-1000 |
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see
General
Instruction A.2. below):
|
o |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425) |
|
o |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12) |
|
o |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b)) |
|
o |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c)) |
ITEM 1.01
ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
(a)
On November 11, 2005 the Board of Directors approved an increase
in the annual equity grant award for each of the Company’s directors who are not
employed by the Company from $85,000 to $115,000 per year, effective for the
next award date. The Board also approved an increase in the additional cash
compensation for the Chairman of the Audit Committee from $15,000 to $25,000
effective January 1, 2006.
ITEM 5.02 DEPARTURE OF DIRECTORS OR
PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL
OFFICERS
(b) On
November 15, 2005, the Company’s Senior Vice President and Chief Accounting
Officer, Kenneth W. Black Jr., informed the Company of his intention to resign
his position effective November 18, 2005.
(c)
Effective November 18, 2005, the Company has appointed Matthew V. Hollifield,
39, to the position of Senior Vice President and Chief Accounting Officer. Mr.
Hollifield has been with the Company since 2002 and has served since he joined
as Vice President of Accounts Payable. Prior to joining the Company, Mr.
Hollifield spent three years with Century Furniture Industries serving as Vice
President and Chief Financial Officer from December 2000 until joining the
Company in 2002. Mr. Hollifield received a Masters in Business Administration
degree from Duke University and a Bachelor of Science in Business Administration
degree from Appalachian State University. Mr. Hollifield is a certified public
accountant.
ITEM
9.01 FINANCIAL
STATEMENTS AND EXHIBITS
(c) EXHIBITS
99.1
Press Release dated November 17, 2005.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
| LOWE'S COMPANIES, INC. | ||
| |
|
|
| Date: November 17, 2005 | By: | /s/ Robert F. Hull, Jr. |
|
Robert
F. Hull, Jr.
Executive
Vice President and Chief Financial
Officer | ||